BBL shows Bt33bn profits in 2012

Bangkok Bank reported the consolidated net profit of Bt33 billion in 2012, an increase by Bt5.7 billion or 20.8 per cent from the previous year.

The country’s largest bank attributed the increase to the growth of loans in all segments from corporate, SME to retail. At the end of year, its outstanding loans totalled Bt1.6 trillion, up 9.1 per cent on year or Bt134 billion.

In the year, net interest income rose by Bt2.3 billion while non-interest income expanded by Bt920 billion.

"We registered positive loan growth in 2012, exceeding our targets in many segments, most notably corporate and SME lending. We achieved this by taking very good care of our customers and staying close to them, allowing us to understand their needs and support them appropriately," said Bangkok Bank President Chartsiri Sophonpanich.

"For 2013, the bank expects good loan growth to continue, with loan demand benefiting from expanding private sector investment, supported by the government's infrastructure projects and preparations by all sectors of society for the introduction of the Asean Economic Community."

Despite loan expansion, non-performing loans decreased to Bt42.3 billion, or 2.3 per cent of outstanding loans compared to 2.7 per cent in the previous year.